JD.com, Inc. (NASDAQ:JD) was the target of a significant increase in short interest during the month of October. As of October 13th, there was short interest totalling 37,109,174 shares, an increase of 26.8% from the September 29th total of 29,260,973 shares. Based on an average daily trading volume, of 14,522,368 shares, the short-interest ratio is currently 2.6 days. Currently, 3.2% of the shares of the company are short sold.
A number of research firms have weighed in on JD. UBS AG upgraded shares of JD.com from a “neutral” rating to a “buy” rating in a research report on Monday. Instinet reiterated a “buy” rating and issued a $55.00 price target (up from $46.00) on shares of JD.com in a research report on Tuesday, August 15th. Wells Fargo & Company began coverage on shares of JD.com in a research report on Tuesday, September 26th. They issued an “outperform” rating and a $50.00 price target for the company. MKM Partners upgraded shares of JD.com from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $51.00 in a research report on Wednesday, August 23rd. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.23.
JD.com (JD) opened at 37.42 on Tuesday. The company’s 50 day moving average is $40.34 and its 200-day moving average is $40.57. JD.com has a 12 month low of $23.38 and a 12 month high of $48.99.
JD.com (NASDAQ:JD) last released its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The firm had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 43.6% compared to the same quarter last year. On average, analysts forecast that JD.com will post $0.45 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its stake in JD.com by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock worth $1,430,000 after purchasing an additional 277 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in JD.com by 7.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after purchasing an additional 464 shares during the last quarter. Advisors Capital Management LLC boosted its stake in JD.com by 0.8% during the 2nd quarter. Advisors Capital Management LLC now owns 69,798 shares of the information services provider’s stock worth $2,737,000 after purchasing an additional 581 shares during the last quarter. Formula Growth Ltd. boosted its stake in JD.com by 0.9% during the 2nd quarter. Formula Growth Ltd. now owns 71,347 shares of the information services provider’s stock worth $2,798,000 after purchasing an additional 637 shares during the last quarter. Finally, ING Groep NV boosted its stake in JD.com by 2.5% during the 2nd quarter. ING Groep NV now owns 31,439 shares of the information services provider’s stock worth $1,233,000 after purchasing an additional 761 shares during the last quarter. 46.32% of the stock is currently owned by hedge funds and other institutional investors.
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JD.com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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